If you have already mastered basic terms like 'shill', 'HODL', and 'FUD', it's time to dive deeper into crypto language. New projects, trends, and tools bring their own words that can confuse newcomers but help market veterans stay in the loop. 🚀
Today we will explore more advanced terms that are essential for understanding the crypto environment. 😎
1. Flipper
One who buys assets with the intention of quick resale for profit.
Example: 'This guy is a true flipper, he made 2x on every NFT.' 💸
2. Rugged
When a project suddenly disappears, taking all the money (from rug pull).
Example: 'The project rugged, and we lost all our investments.' 🪤
3. Gaspads
Projects at launch, launched on special platforms for token sales.
Example: 'I managed to get into Gaspads on Binance Launchpad.' 🚀
4. Whitelist
A list of users who have the right to participate first in the token sale.
Example: 'To get on the whitelist, you need to complete tasks.' ✅
5. Airdrop
Distribution of tokens for free, usually for completing tasks.
Example: 'This project distributed tokens through an airdrop, and I managed to get some.' 🎁
6. The word GM
An abbreviation for 'Good Morning'. Used in the crypto community as a greeting, symbolizing a positive attitude.
Example: 'GM, crypto folks, today we have a bullish day!' 🌞
7. Smart Money
Large investors or funds that know where to invest and move the market.
Example: 'Smart money started buying Ethereum, prepare for growth.' 🧠💰
8. Proofs
Proofs or confirmations, most often in the format of screenshots.
Example: 'Show proof that you really bought this token.' 📸
9. Farming
Generating income through providing liquidity in DeFi.
Example: 'I'm farming tokens on PancakeSwap, the yield is fire!' 🌾
10. Imba
Tokens or projects with unreal profit or potential.
Example: 'This coin is imba, hurry to buy before it's too late!' 🛡️
11. Fork
Splitting the blockchain into two chains.
Example: 'Ethereum Classic is a fork of Ethereum.' 🍴
12. Gas
Transaction fee for conducting transactions on the Ethereum network.
Example: 'The gas fee for transferring tokens is just astronomical right now.' ⛽
13. Lover
An investor who always believes in the token, despite declines.
Example: 'This guy is a lover of Dogecoin, he will never sell.' 💘
14. Squeeze
Sharp price movements that liquidate traders' positions.
Example: 'Today the market did a squeeze, many got wrecked.' 🤯
15. Setup
A ready-made strategy for trading.
Example: 'I use this setup for trading on Binance Futures.' 🛠️
16. To The Moon
A phrase meaning that the token will grow infinitely.
Example: 'I'm holding this coin until it moons.' 🌙
17. FOMO
Fear of Missing Out (FOMO).
Example: 'I bought this coin at the highs due to FOMO.' 🫣
18. Soap
A project that seems like a bubble.
Example: 'This coin is a typical soap, it will burst soon.' 🧼
19. Meme Coins
Tokens created as a joke but sometimes explode the market.
Example: 'Dogecoin is a legend among meme coins.' 🐕
20. Listing
Adding a token to an exchange.
Example: 'After the listing on Binance, the coin's price increased 10 times.' 📈
Example of using jargon in real life
Imagine: you hear in a Telegram chat 'The project rugged, the bagholders are left empty-handed.' Knowing the meanings of the words 'rugged' and 'bagholders', you understand that the project deceived investors, and they are left with worthless tokens.
Knowing these terms helps not only to better understand the news but also to avoid mistakes that could cost money.
What terms do you know? Share in the comments and help us expand our dictionary 😊
